Be the King
or Queen of
your new
castle
National Property Auction
Thursday 25th May 2023 at 10:00am
You can find the addendum for this month’s auction by taking a look at the link below.
The addendum is where you can find any last minute updates or changes to the lots on offer – it can change at any time, including on auction day itself, so if you’re bidding on Thursday, make sure to regularly check back to stay in the know.
Welcome to our May
auction catalogue
Andrew Parker
Managing Director & Auctioneer at
SDL Property Auctions
We’ve just seen the crowning of our new monarch so what better time to become the King or Queen of your new castle than in our National Property Auction this coronation month.
Our catalogue for the Thursday 25th May auction is filled with 172 residential, commercial and development land lots from the length and breadth of the UK and includes a few stand-out royal addresses.
In celebration of our new monarch, we have a number of King Street properties including 7 King Street in Sileby. This former farmhouse is Grade II listed and has planning permission to convert it into two houses.
Lot 40
- 7 King Street, Sileby, Loughborough, Leicestershire LE12 7LZ
- Guide price*
- £200,000+ (plus fees)
We also have a two bedroomed terraced house at 6 King Street in Enderby, a parade of six commercial units at 1-6 King Street in Sutton in Ashfield and a mixed use end terraced property at 64/64a King Street in Alfreton.
If it’s a castle you’re looking to bid on then the north west has two properties on offer. At 119 Castle Hill Road in Wigan is a two bedroomed Victorian end terrace requiring some modernisation and at 91 Castle Street in Stockport is a retail premises in a pedestrianised shopping area with plenty of footfall.
Our auction starts with lot 1 and the sale of Flat 36 Lloyd Square in Birmingham. This two double bedroomed apartment is located in a very sought after location in Edgbaston and has the potential for generating over £12,000pa in rent.
Lot 1
- Flat 36, Lloyd Square, 14 Niall Close, Birmingham B15 3LX
- Guide price*
- £39,500 - £55,000 (plus fees)
Our lot 33 is a superb freehold residential investment opportunity at 1-9 Woods Green Court in Derby being sold with Abode Sales & Lettings. This portfolio of nine eco properties comprises x6 two bedroomed town houses and 2x two bedroomed apartments and x1 one bedroomed apartment with a passing combined rent of £49,740pa which we believe there is scope for an increase to around £70,000 offering a 7% return based on the guide price.
Lot 33
- 1-9 Woods Green Court, Woods Lane, Derby DE22 3UA
- Guide price*
- £975,000+ (plus fees)
Down on the southeast coast, in a prime location opposite Dover Train Station, is a development and potential portfolio opportunity at 65 – 67 Folkestone Road. This new build development of ten luxury two and three bedroomed apartments is nearly completed with remaining internal works including painting/decorating, bathroom and flooring.
At The Dell in Shirley is a stunning four bedroomed detached property with three additional rooms to the basement which has been recently constructed to a very high standard. The property is set within its own grounds of approx. one acre and also has potential for the construction of a further two residential dwellings on the site subject to appropriate planning consent.
Lot 63
- The Dell, Peterbrook Road, Shirley, Solihull, West Midlands B90 1HZ
- Guide price*
- £925,000+ (plus fees)
You can browse all the lots in the May National Property Auction here. Once you’ve found a lot you’re interested in, it’s really easy to book your viewing and download the legal pack. Simply go to the property listing on our website and select the relevant option.
To sell your property in our next National Property Auction is on Thursday 29th June click here to request a free valuation.
Frequently asked questions
Over the past few months we have naturally received some questions from our bidders about how the buying process works. Largely we are operating as we always have been, we’re simply not able to see you in the auction room when you bid. We’ve put together these frequently asked questions to help guide you through your auction purchase.
A reserve price is the price stated as the lowest acceptable figure by the seller. This figure is confidential between the seller and auctioneer.
No, not always. The guide is an indication given by the auctioneer. Where the guide price is a bracket figure, the reserve cannot exceed the top end of the bracket price. If the guide price is a single figure, then the reserve can be up to 10% in excess of this.
After the auction has ended one of our team will contact you to advise you of the result.
Yes, and these vary depending on the method of sale associated with the property and the country in which you are purchasing. These are listed below – please note the reservation fee does not contribute towards the purchase price. Any further additional costs, which are payable in addition to the purchase price will be included within the Special Conditions that are attached to the Contract. Therefore all prospective purchasers must inspect the legal packs thoroughly. We also strongly advise prospective purchasers to request a legal representative reviews the pack for every lot that you may wish to bid on, so that you are fully aware of any additional costs, if applicable.
England and Wales
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay a 10% deposit (subject to a minimum of £5,000), along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of either 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Buyer’s Fee is subject to a minimum of £6,000. Completion must take place usually within 20 business days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 40 business days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 4.8% of the final sale price of the property up to and including £250,000, or 3.6% if the final sale price is over £250,000. The Reservation Fee is subject to a minimum of £6,000.
Scotland
Unconditional with Fixed Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 10% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee. The Buyer’s Fee is £1,074, and completion must take place within 20 business days, unless the Special Conditions of Sale state otherwise.
Unconditional with Variable Fee: On the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts, pay a 5% deposit (subject to a minimum of £5,000) along with a non-refundable Buyer’s Fee of 3.6% of the final sale price of the property, subject to a minimum of £4,000. Completion must take place usually within 20 business days unless the Special Conditions of Sale state otherwise.
Conditional with Reservation Fee: On the fall of the hammer, the successful bidder will enter into a Reservation Agreement with the seller and be granted an exclusivity period of 40 business days to purchase the property (unless the Special Conditions of Sale specify a different timescale). The successful bidder must use the exclusivity period to proceed to exchange of contracts and complete the purchase. On the fall of the hammer, the successful bidder must immediately pay a non-refundable Reservation Fee of 3.6% of the final sale price of the property, subject to a minimum of £4,000.
There are a number of options when selling by auction which can include paying no fees at all and having the buyer an additional fee instead.This is often an attractive option when you are selling due to a bereavement or a divorce and you have limited cash prior to the auction to fund the sale. Alternatively as a seller you can pay an initial fee and commission price for the sale of the property, meaning the buyer doesn’t have to pay anything extra, maximising the final sale price of the property
Regardless of which auction route is selected, there are solicitor fees to prepare the legal pack for your property, which typically costs around £350 to £500. After your home is sold, you will also need to instruct a solicitor for the conveyancing of the property, which can cost anywhere from £450 to £750.
Yes, if a reserve price is not met during the bidding process, then the lot will not sell. We continue to market our unsold properties after the auction and if a post-auction sale is agreed it will be carried out under auction conditions.
Bidding registration
Bidding registration closes at 5pm the day before the auction.
Registering to bid in one of our National Property Auctions is quick, easy and painless. By completing our online form, you can register for bidding online, on the phone and by proxy, meaning you can bid from the comfort of your own home. There’s no need to wait for the legal pack to be completed before registering, there’s no obligation to bid on the day and there’s no money taken prior to bidding.
Is it time for a
spring (un)clean?
Spring is here, and with it, the expectation for many of us to get out the rubber gloves and start a deep clean of our entire homes to welcome in the fresher season and warmer weather. This is especially true for those who are interested in selling their property, where getting your property ready to sell is pretty much the first step most people take.
For most sellers, it’s a given to spruce up your house and make any repairs in time for the estate agents to come and begin to market your property to an eligible buyer. But, if you don’t fancy having to put in the manual labour to simply sell your home, property auctions could well be the answer.
Click here to view the full article.
Remember to tune in!
Our Auction Events are broadcast online, live from our auction studio in Nottingham.
It’s really easy to tune in and watch on the day. The auction begins at 10am and will run throughout the day, with our each of our auctioneers taking to the rostrum. Simply visit our website where you’ll be able find a link to the auction on the day or follow the link below!
Our buyers terms
If you’re planning on bidding at auction, it’s really important that you do your due diligence prior to the auction – part of which is reading our buyers terms which you can find below. Make sure to read them in full to ensure you’re prepared to bid.
Important notice relating to fees, costs and charges payable by the buyer in addition to the purchase price.
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges. These may include, but are not limited to, Value Added Tax (VAT), Stamp Duty, ground rents, rent arrears/apportionment of rent, outstanding service charges, sellers search costs/disbursements, reimbursements of sellers solicitors, auctioneer costs or reservation fees. All prospective buyers are advised to inspect the legal documents including the contract and special conditions of sale and seek their own independent legal advice as to the full cost of purchasing a specific property.
Homes under the Hammer
If you’re successful in this month’s auction, you could take part!
The hit TV show Homes under the Hammer are always looking for properties to feature in upcoming episodes. If you’re interested in taking part in the programme or would like any information about what is involved in taking part please contact Calum Thomson on 07966 167076 or Alice Williams on 07814 079910 or alternatively click below to contact them via email.
Legal Packs
We recommend reading the legal pack prior to the auction, to make sure you’re aware of all the information before bidding.
It’s really important that you take a thorough look through the legal pack for the property you’re interested in buying before placing a bid, as they lots of important information regarding your purchase. We recommend going through the pack with your solicitor prior to the auction.
To view the legal pack, find a property you’re interested in using the list linked below, and select ‘legal pack’ on the right-hand panel.
